what's next in business
DESCRIPTION
Presentation on 10 important trends in business, May 2009TRANSCRIPT
Meeting of Minds [email protected]
1. a new age of uncertainty, and a refocusing on business risk and sustainability
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Major Fraud/Litigation/Governance Failure
Oil Price/Supply Crisis
Transaction Failure
Climate Change (Water Shortage,Pandemic, Droughts, Storms, Flooding etc)
Supply Chain Crisis
Labour Disruption
Demographic/Market Shifts& Disruptive Innovation
Currency Collapse or MajorDebt/Trade/Economic Crisis
Cost Inflation/Interest Rate Spike
Onerous Regulations
Scandal/ReputationCrisis/Marketing Failure
TOP CANADIAN BUSINESS RISKS
Major Security or otherDiscontinuity Failure
Financial/Economic Crisis
Natural Disaster
Terrorism
Minor Litigation/Compliance Failure
Emerging MarketsCompetitors
Takeovers &Industry Consolidation
http://www.weforum.org/pdf/globalrisk/globalrisks09/global_risks_2009.pdf
2. rethinking the need to grow
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time
Meeting of Minds [email protected]
http://blogs.salon.com/0002007/2009/04/02.html#a2357
3. new business model: the basics are free
Meeting of Minds [email protected]
http://www.wired.com/techbiz/it/magazine/16-03/ff_free
http://skype.com/
4. a business “world of ends” and then “peer production”
Meeting of Minds [email protected]
Prosumers
Prosumers
http://blogs.salon.com/0002007/2003/11/04.html#a504http://www.thenewyorkerstore.com/search_results.asp?
sitetype=1&advanced=1§ion=all&artist=Robert+Weber
5. from ‘free trade’ to ‘fair trade’
Meeting of Minds [email protected]
http://www.cbc.ca/news/background/fair-trade/
7. growing water scarcity
Meeting of Minds [email protected]
http://www.nytimes.com/interactive/2007/09/28/world/asia/choking_on_growth_2.html#story4
8. an entrepreneurial boom, in three stages
“finding the sweet spot”(available at fine bookstores everywhere)
Meeting of Minds [email protected]
http://www.adpemploymentreport.com/
9. the Gen Y phenomenon
Meeting of Minds [email protected]
http://blogs.wsj.com/management/2009/03/24/the-facebook-generation-vs-the-fortune-500/
8. Power comes from sharing information, not hoarding it.The Web is also a gift economy. To gain influence and status, you have to give away your expertise and content. And you must do it
quickly; if you don’t, someone else will beat you to the punch—and garner the credit that might have been yours. Online, there are a lot
of incentives to share, and few incentives to hoard.
9. Opinions compound and decisions are peer-reviewed.On the Internet, truly smart ideas rapidly gain a following no matter how disruptive they may be. The Web is a near-perfect medium for
aggregating the wisdom of the crowd—whether in formally organized opinion markets or in casual discussion groups. And once
aggregated, the voice of the masses can be used as a battering ram to challenge the entrenched interests of institutions in the offline
world.
10. Users can veto most policy decisions.As many Internet moguls have learned to their sorrow, online users
are opinionated and vociferous—and will quickly attack any decision or policy change that seems contrary to the community’s interests. The only way to keep users loyal is to give them a substantial say in
key decisions. You may have built the community, but the users really own it.
11. Intrinsic rewards matter most.The web is a testament to the power of intrinsic rewards. Think of all
the articles contributed to Wikipedia, all the open source software created, all the advice freely given—add up the hours of volunteer
time and it’s obvious that human beings will give generously of themselves when they’re given the chance to contribute to
something they actually care about. Money’s great, but so is recognition and the joy of accomplishment.
12. Hackers are heroes.
1. All ideas compete on an equal footing.2. Contribution counts for more than credentials.3. Hierarchies are natural, not prescribed.4. Leaders serve rather than preside.5. Tasks are chosen, not assigned.6. Groups are self-defining and -organizing.7. Resources get attracted, not allocated.8. Power comes from sharing information, not hoarding it.9. Opinions compound and decisions are peer-reviewed.10. Users can veto most policy decisions.11. Intrinsic rewards matter most.12. Hackers are heroes.
Gary Hamel: Gen Y’s New Business Rules
10. a shift back to basics and real value
Meeting of Minds [email protected]
http://www.time.com/time/business/article/0,8599,1881098,00.html
references:
http://blogs.salon.com/0002007/2009/05/12.html#a2377more on this top 10 list
download these slides http://www.slideshare.net/davepollard
Meeting of Minds
thank you!